Buy, Sell? What To Make Of It All? BP p.l.c. (BP), DISH Network Corporation (DISH)

BP p.l.c. (NYSE:BP) sank -0.93% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 8.46% and is now up by 11.87% since start of this year. A look at its monthly performance shows that the stock has recorded a 5.42% gain over the past 30 days. Its equity price climbed by 2.79% over the past three months which led to its overall six-month decrease to stand at -1.33%.

The shares of BP p.l.c. (BP) dropped by -11.31% or -$5.41 from its last recorded high of $47.83 which it attained on May 21 to close at $42.42 per share. Over the past 52 weeks, the shares of BP p.l.c. has been trading as low as $36.28 before witnessing a massive surge by 16.92% or $6.14. This price movement has led to the BP stock receiving more attention and has become one to watch out for. It jumped by 0.5% on Tuesday and this got the market excited. The stock’s beta now stands at 0.77 and when compared to its 200-day moving average and its 50-day moving average, BP price stands -1.73% below and 6.36% above respectively. Its average daily volatility for this week is 0.99% which is less than the 1.19% recorded over the past month.

Experts from research firms are bullish about the near-term performance of BP p.l.c. with most of them predicting a $48.77 price target on a short-term (12 months) basis. The average price target by the analysts will see a 14.97% rise in the stock and would lead to BP’s market cap to surge to $164.84B. The stock has been rated an average 2.4, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 11 analysts that track BP p.l.c. (NYSE:BP) and find out that 4 of them rated it as a Hold. 6 of the 7 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at BP technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 64.25 point. Its trading volume has lost -2253261 shares compared to readings over the past three months as it recently exchanged 5016739 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 7270000 shares, and this is 0.69 times the normal volume.

The price of DISH Network Corporation (NASDAQ:DISH) currently stands at $31.26 after it went up by $0.11 or 0.35% and has found a strong support at $31.07 a share. If the DISH price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $30.89 mark would also be bad for the stock as it means that the stock would plunge by 1.18% from its current position. However, if the stock price is able to trade above the resistance point around $31.49, then it could likely surge higher to try and break the upward resistance which stands at $31.73 a share. Its average daily volatility over the past one month stands at 2.76%. The stock has plunged by 0.45% from its 52-weeks high of $31.12 which it reached on Feb. 16, 2018. In general, it is 25.72% above its 52-weeks lowest point which stands at $23.22 and this setback was observed on Dec. 27, 2018.

Analysts have predicted a price target for DISH Network Corporation (DISH) for 1 year and it stands at an average $46.77/share. This means that it would likely increase by 49.62% from its current position. The current price of the stock has been moving between $31.12 and $31.54. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $24. On the other hand, one analyst is super bullish about the price, setting a target as high as $175.

Analysts view DISH Network Corporation (NASDAQ:DISH) as a Hold, with 2.6 consensus rating. Reuters surveyed 22 analysts that follow DISH and found that 8 of those analysts rated the stock as a Hold. The remaining 14 were divided, with 10 analyst rating it as a Buy or a Strong Buy while 4 analysts advised investors to desist from buying DISH Network Corporation (DISH) shares or sell it if they already own it.